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Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance

Christian Keuschnigg and Søren Nielsen ()

No 850, CESifo Working Paper Series from CESifo Group Munich

Abstract: This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture capital backed innovation.

Keywords: venture capital bank finance; matching; moral hazard; public policy (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn
Date: 2003
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http://www.cesifo-group.de/DocDL/cesifo_wp850.pdf (application/pdf)

Related works:
Working Paper: Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance (2006) Downloads
Working Paper: Public Policy For Start-up Entrepreneurship With Venture Capital and Bank Finance (2003) Downloads
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